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  • DTEK Renewables insures solar and wind power plants under a unified property insurance program with UNIQA Ukraine
06 October 2020,

DTEK Renewables insures solar and wind power plants under a unified property insurance program with UNIQA Ukraine

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DTEK Renewables insures solar and wind power plants under a unified property insurance program with UNIQA Ukraine

DTEK Renewables, with the assistance of the international insurance broker GrECo and the insurance company UNIQA Ukraine, has signed a unified property insurance program. The policy covers all DTEK Renewables’ solar and wind power plants, fully complies with corporate requirements for insurance coverage, and accounts for internal risk management standards and requirements for contractual documentation.

“Risk management is an important part of the corporate governance of our company. DTEK was one of the first in Ukraine to introduce a risk management practice, which uses a backstop that transfers risks that the company is not ready to manage on its own to its insurance policy”, saidOleksiy Povolotskiy, Director of Corporate Governance, Risk Management and Compliance at DTEK.

DTEK specialists, together with international players in the insurance market, developed a unified insurance program for all of DTEK Renewables’ plants. This has made it possible to conclude contracts with the involvement of the best international reinsurers with high international credit ratings (not lower than “A-” according to the S&P rating agency's scale).

“DTEK has once again demonstrated the high expertise of its team - for the first time, an insurance program of such complexity and volume has been successfully placed on the renewable energy market of Ukraine, involving international insurance markets. These projects make it possible to attract the best international practices in the field of risk management and reinsurance capacity to Ukraine, which ensures the reliable protection of business from frequent and large losses, reduces the volatility of revenues which accordingly contributes to the development of the country, as well as increases the confidence of international financial institutions", said Maris Kunickis, CEO of DTEK Renewables.

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Made by Frontmen, 2020
EN
UA
About DTEK
Mission, vision, values Management New strategy 2030 History Contact Bringing power to our people STANDING WITH OUR SOLDIERS AND SOCIETY Securing energy independence
Our businesses
DTEK ENERGY DTEK RENEWABLES DTEK OIL&GAS DTEK GRIDS DRI D. TRADING D. SOLUTIONS MODUS X Academy DTEK
SUSTAINABILITY
Environmental Social Governance Innovation and digital transformation Impact Investment Sustainability reporting
Investors
Annual reports Governance ESG Contact us
News and Insights
Media releases In the media Live updates Image library Video library Contact us
Careers
DTEK community Jobs Contact us
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